Empowered Funds LLC Invests $1.91 Million in Carlisle Companies Incorporated $CSL

Empowered Funds LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,277 shares of the conglomerate’s stock, valued at approximately $1,914,000.

Other large investors also recently made changes to their positions in the company. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Carlisle Companies during the 4th quarter worth $8,582,000. SEB Asset Management AB bought a new stake in shares of Carlisle Companies in the first quarter valued at about $6,783,000. Lazard Asset Management LLC boosted its position in shares of Carlisle Companies by 5.5% in the first quarter. Lazard Asset Management LLC now owns 190,650 shares of the conglomerate’s stock valued at $63,605,000 after acquiring an additional 10,009 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Carlisle Companies in the first quarter valued at about $2,183,000. Finally, Brandywine Global Investment Management LLC grew its stake in shares of Carlisle Companies by 49.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 86,311 shares of the conglomerate’s stock valued at $27,607,000 after acquiring an additional 28,493 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

CSL opened at $344.75 on Friday. The firm has a market cap of $13.69 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $432.91. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.04 and a current ratio of 2.60. The business’s fifty day moving average is $357.03 and its 200-day moving average is $355.35.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $7.03 EPS for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a return on equity of 47.58% and a net margin of 14.21%.The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm earned $6.27 earnings per share. Carlisle Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. Sell-side analysts expect that Carlisle Companies Incorporated will post 21.27 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $5.00 annualized dividend and a yield of 1.5%. This is an increase from Carlisle Companies’s previous quarterly dividend of $1.10. Carlisle Companies’s payout ratio is 28.69%.

Wall Street Analysts Forecast Growth

CSL has been the subject of several analyst reports. Robert W. Baird set a $412.00 price objective on shares of Carlisle Companies in a research note on Thursday, July 30th. Truist Financial decreased their target price on shares of Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. DA Davidson assumed coverage on shares of Carlisle Companies in a report on Monday, August 24th. They set a “neutral” rating and a $410.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Carlisle Companies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Hold” and a consensus target price of $402.43.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.